Description

NSE announces listing of additional equity shares for Krishca Strapping Solutions Limited (42,346 shares from warrant conversion) and Alpex Solar Limited (1,069,600 shares from preferential issue) on SME Emerge platform effective November 11, 2025.

Summary

NSE has admitted further equity shares of two SME companies to trading on the Capital Market segment (SME Emerge platform) effective November 11, 2025. Krishca Strapping Solutions Limited will list 42,346 equity shares arising from warrant conversion, while Alpex Solar Limited will list 1,069,600 equity shares issued on preferential basis. Both listings are subject to lock-in periods and will trade in dematerialized form under temporary ISINs initially.

Key Points

  • Krishca Strapping Solutions Limited: 42,346 equity shares of Rs. 10/- each admitted to trading
  • Alpex Solar Limited: 1,069,600 equity shares of Rs. 10/- each admitted to trading
  • Effective date: November 11, 2025
  • Trading platform: NSE Capital Market segment - SME Emerge
  • All shares issued in dematerialized mode under temporary ISINs as per SEBI guidelines
  • Shares are pari passu with existing equity shares

Securities Details

Krishca Strapping Solutions Limited

  • Symbol: KRISHCA
  • ISIN: INE0NR701018
  • Face Value: Rs. 10/-
  • Issue Price: Rs. 233/-
  • Allotment Date: September 6, 2025
  • Number of Shares: 42,346
  • Distinctive Numbers: 14190001 to 14232346
  • Market Lot: 500 shares
  • Security Type: Equity shares allotted pursuant to conversion of warrants issued on preferential basis
  • Lock-in Period: Until May 15, 2027

Alpex Solar Limited

  • Symbol: ALPEXSOLAR
  • ISIN: INE0R4701017
  • Face Value: Rs. 10/-
  • Issue Price: Rs. 1,212/-
  • Allotment Date: September 24, 2025
  • Number of Shares: 1,069,600
  • Distinctive Numbers: 24473401 to 25543000
  • Market Lot: 100 shares
  • Security Type: Equity shares issued under preferential allotment
  • Lock-in Period: Until May 17, 2026

Regulatory Changes

No regulatory changes introduced. This circular implements existing regulations under NSE Capital Market Trading Regulations Part A (Regulation 3.1.1 for admission to dealings and Regulation 2.5.5 for lot sizes).

Compliance Requirements

  • Trading members must use designated security codes (KRISHCA and ALPEXSOLAR) for system identification
  • Trading must be conducted in specified lot sizes: 500 shares for KRISHCA and 100 shares for ALPEXSOLAR
  • Shares are currently credited under temporary ISINs (IN8*********) in accordance with SEBI circulars CIR/MRD/DP/21/2012 (August 2, 2012) and CIR/MRD/DP/24/2012 (September 11, 2012) regarding ISIN activation for additional share issues
  • Lock-in restrictions must be observed: KRISHCA until May 15, 2027 and ALPEXSOLAR until May 17, 2026

Important Dates

  • Circular Date: November 10, 2025
  • Effective Date: November 11, 2025 (listing and trading commencement)
  • KRISHCA Allotment Date: September 6, 2025
  • KRISHCA Lock-in Expiry: May 15, 2027
  • ALPEXSOLAR Allotment Date: September 24, 2025
  • ALPEXSOLAR Lock-in Expiry: May 17, 2026

Impact Assessment

Market Impact: Minimal. This is a routine listing of further issues for two SME segment companies. The share counts are relatively small (42,346 for KRISHCA and 1,069,600 for ALPEXSOLAR) and both are subject to extended lock-in periods preventing immediate trading.

Operational Impact: Standard listing procedures apply. Trading members need to configure their systems with the specified security codes and lot sizes. The use of temporary ISINs is a standard compliance measure for additional issues.

Investor Impact: Limited immediate impact due to lock-in restrictions. KRISHCA shares are locked until May 2027 (approximately 18 months from listing date) while ALPEXSOLAR shares are locked until May 2026 (approximately 6 months from listing date). Investors should note the preferential nature of these allotments and the significant lock-in periods before these shares become freely tradable.

Impact Justification

Routine listing of further issues for two SME companies with relatively small share counts. Limited market-wide impact as these are SME segment stocks with lock-in periods.